Soar Learning Center INC

IRS exemption revoked

Sarasota, FLUnknown exempt organization EIN 81-4840233Revenue $249K in FY2021Latest return filed Oct 31, 2022

On file with the IRSsoarlearningcenterinc.orgP O Box 51917 · Sarasota, FL

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To provide comprehensive Learning during after school hours that prepares children for academic and life success in a safe and supportive infrastructure.

57¢ of each $1 spent went to programs.
Run by 25 volunteers and 1 employee.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $29K a year · 13% of revenue · last 2 filings
Concern: a surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $13K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$249K
+31% vs prior year
Spent
$300K
To programs
57%
Net assets
$1.1M
By yearFY2020–FY2021
Revenue
$249K
FY2021▲ +31%
Tap a bar for its year
Revenue by fiscal year
FY2020$190K
FY2021$249K
Expenses
$300K
FY2021▲ +51%
Tap a bar for its year
Expenses by fiscal year
FY2020$198K
FY2021$300K
Net assets
$1.1M
FY2021▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.1M
FY2021$1.1M

From the FY2021 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $172K Management & general 48% · $144K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
See Soar Learning Center INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Offers after-school learning to prepare children for academic and life success.

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Provided by the organization

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1 program · $172K · in their own filed words · FY2021
01

Implement a currriculum that is academically engaging, aligned with the florida state common core standards, with a focus on the learner. Utilized assessments in an encouraging manner that provided evidence of student learning gains and sound, quality teaching strategies by teachers encouraged parental involvement by starting a family…

$172Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 3 funders$13K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$249K
Ln 12
Gifts and grantsLn 1h$249K
Money outPt IX
$300K
Ln 25
Programscol B$172K
Managementcol C$144K
Owns and owesPt X
$1.1M
net assets · Ln 32
Cash and savingsLn 1–2$60K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$249K
Government grantsLn 1e$6K
Total revenueLn 12$249K
Assets in detailPt X, end of year
CashLn 1$60K
Cash and savings togetherLn 1–2$60K
Land, buildings, equipmentLn 10c$959K
Other assetsLn 15$2K
Total assetsLn 16$1.1M
LiabilitiesLn 26$0
Net assetsLn 32$1.1M
OperationsPt I, VI
EmployeesI 51
VolunteersI 625
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$86K$60K
Land, buildings, equipmentLn 10c$1.0M$959K
Total assetsLn 16$1.1M$1.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$1.1M$1.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$60K$60K
Payroll taxesLn 10$12K$12K
Accounting feesLn 11c$15K$15K
Other fees for servicesLn 11g$130K$66K$64K
OccupancyLn 16$13K$13K
Depreciation, depletion and amortizationLn 22$46K$12K$34K
InsuranceLn 23$11K$11K
Other expenses (24a–d)Ln 24$26K$20K$6K
All other expensesLn 24e$3K$1K$2K
Total functional expensesLn 25$316K$172K$144K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS Oct 31, 2022 $249K$300K−$51K$1.1M 990 PDF
FY2020Filed with the IRS Nov 13, 2021 $190K$198K−$8K$1.1M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $248,848 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $190,415$248,848
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $190,415$248,848
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $62,701$72,110
I-16a Professional fundraising feesPrior year $12,109$0
I-17 Other expensesPrior year $123,328$244,081
I-18 Total expensesPrior year $198,138$316,191
I-19 Revenue less expensesPrior year −$7,723−$67,343
Part VI · Governance 10 of 10 board members independent, 2 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $248,848 across 4 lines filed
VIII-1e Government grants$5,561
VIII-1f All other contributions, gifts and grants$243,287
VIII-1h Total contributions, gifts and grants$248,848
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$248,848
Part IX · Statement of functional expenses $316,191 across 9 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $60,000$60,000
IX-10 Payroll taxesPrograms $12,110$12,110
IX-11c Accounting feesManagement $14,504$14,504
IX-11g Other fees for servicesPrograms $66,396 · Management $63,985$130,381
IX-16 OccupancyManagement $12,513$12,513
IX-22 Depreciation, depletion and amortizationPrograms $12,320 · Management $33,919$46,239
IX-23 InsuranceManagement $10,682$10,682
IX-24 Other expenses (24a–d)Programs $20,023 · Management $6,426$26,449
IX-24e All other expensesPrograms $1,320 · Management $1,993$3,313
IX-25 Total functional expensesPrograms $172,169 · Management $144,022 · Fundraising $0$316,191
Part X · Balance sheet $1,022,901 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $85,796$60,141
X-9 Prepaid expenses and deferred chargesStart of year $1,550$2,673
X-10c Land, buildings and equipment, netStart of year $1,027,567$958,537
X-15 Other assetsStart of year $0$1,550
X-16 Total assetsStart of year $1,114,913$1,022,901
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $1,114,913$1,022,901
X-33 Total liabilities and net assetsStart of year $1,114,913$1,022,901
Part XI · Reconciliation of net assets $1,022,901 net assets at year end
XI-1 Total revenue$248,848
XI-2 Total expenses$316,191
XI-3 Revenue less expenses−$67,343
XI-4 Net assets at start of year$1,114,913
XI-9 Other changes in net assets−$24,669
XI-10 Net assets at end of year$1,022,901

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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